Strategic Education, Inc. (NASDAQ:STRA) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets lessened its holdings in Strategic Education, Inc. (NASDAQ:STRA - Free Report) by 58.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,046 shares of the health services provider's stock after selling 6,996 shares during the quarter. BNP Paribas Financial Markets' holdings in Strategic Education were worth $467,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in STRA. Meeder Asset Management Inc. acquired a new stake in shares of Strategic Education in the second quarter valued at about $36,000. CWM LLC lifted its position in shares of Strategic Education by 2,650.0% during the 2nd quarter. CWM LLC now owns 330 shares of the health services provider's stock valued at $37,000 after acquiring an additional 318 shares during the period. Rothschild Investment LLC purchased a new stake in shares of Strategic Education during the 2nd quarter worth approximately $38,000. Innealta Capital LLC acquired a new stake in shares of Strategic Education in the 2nd quarter worth approximately $38,000. Finally, Daiwa Securities Group Inc. increased its stake in Strategic Education by 46.3% in the 2nd quarter. Daiwa Securities Group Inc. now owns 395 shares of the health services provider's stock valued at $44,000 after purchasing an additional 125 shares in the last quarter. Institutional investors and hedge funds own 93.27% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on STRA. StockNews.com downgraded Strategic Education from a "buy" rating to a "hold" rating in a research report on Saturday, October 5th. Truist Financial cut their price target on Strategic Education from $145.00 to $120.00 and set a "buy" rating for the company in a research note on Wednesday, October 16th. Finally, Barrington Research reissued an "outperform" rating and issued a $135.00 price objective on shares of Strategic Education in a research note on Thursday, November 7th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $126.00.

Strategic Education Price Performance

Strategic Education stock traded down $1.08 during mid-day trading on Friday, hitting $99.01. 98,847 shares of the company were exchanged, compared to its average volume of 130,805. Strategic Education, Inc. has a 12-month low of $85.11 and a 12-month high of $123.62. The company has a market capitalization of $2.43 billion, a P/E ratio of 18.86, a PEG ratio of 1.38 and a beta of 0.59. The business's 50 day simple moving average is $93.49 and its two-hundred day simple moving average is $99.73.

Strategic Education (NASDAQ:STRA - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The health services provider reported $1.16 EPS for the quarter, topping analysts' consensus estimates of $0.81 by $0.35. The firm had revenue of $305.96 million during the quarter, compared to analysts' expectations of $301.62 million. Strategic Education had a return on equity of 7.61% and a net margin of 10.44%. The firm's quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.97 EPS. Equities research analysts predict that Strategic Education, Inc. will post 4.79 earnings per share for the current year.

Strategic Education Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were issued a dividend of $0.60 per share. The ex-dividend date was Monday, December 2nd. This represents a $2.40 annualized dividend and a dividend yield of 2.42%. Strategic Education's payout ratio is currently 45.71%.

Strategic Education Company Profile

Strategic Education, Inc, through its subsidiaries, provides education services through campus-based and online post-secondary education, and programs to develop job-ready skills. The company operates through U.S. Higher Education, Australia/New Zealand, and Education Technology Services segments. It operates Strayer University that offers undergraduate and graduate degree programs in business, criminal justice, education, health services, information technology, and public administration at physical campuses located in the eastern United States, as well as through online; non-degree web and mobile application development courses through Hackbright Academy and Devmountain; and MBA online through its Jack Welch Management Institute.